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A loan is amortized by level monthly payments paid at the end of every month....

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Accounting

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A loan is amortized by level monthly payments paid at the end of every month. The borrower noticed that the outstanding balances on three consecutive payment dates are Payment Interest Payment Principal Repayment Outstanding Balance 23621.72 22912.44 22200.32 1. Find the monthly interest rate. 2. Determine the level payment and fill out the table. Enter the level payment in the following blank. Keep two decimal places only. Your

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